Hi JenoP,

Thank you for you help however, making the journal entries would correct my TB and make my Balance Sheet and P&L show incorrect amounts.

This isn’t a technical Accounting problem. I believe this is a problem with the QuickBooks Online software. My TB is showing false GBP amounts for my EUR AR and AP accounts, and the unrealised gains/losses are not appearing on the TB at all.

For a set of Financial Statements, the Balance Sheet and P&L are both created from the TB so the TB should never be different.

Please can you raise this issue internally at QuickBooks because if there is no solution I may have to find a different accounting software such as Sage?

Thank you.